Game theory is particularly useful in analyzing situations where a company is competing against a limited number of rivals in its domain and they are highly interdependent.

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Game theory is designed to analyze strategic interactions between a limited number of competitors where their decisions are interdependent. Therefore, it is particularly useful in situations where a company is competing against a limited number of rivals in its domain, such as in industries with a few dominant players.

Game Theory Is Particularly Useful in Analyzing Situations Where a Company